• How to Open Federal Bank Fixed Deposit Online

    Federal Bank offers the Fixed Deposit (FD) scheme at interest rates ranging between 2.50% p.a. and 5.60% p.a. for a deposit of up to Rs.2 crore. The tenure of the FD ranges between 7 days and 10 years. Senior citizens are offered an additional interest. The process to open an FD account with the bank is simple and can be completed both online and offline.

    Process to Open an FD Account – Online

    Net Banking

    The procedure to open an account via net banking is mentioned below:

    • Visit https://www.federalbank.co.in/.
    • Click on ‘Net Banking’.
    • On the next page, click on ‘Personal Banking’.
    • Next, click on ‘Continue to Login’.
    • On the next page, enter the user ID, password, and verification code.
    • Click on ‘Log In’.
    • Once on the main page, you will find the option to open an FD account under the deposits section. You will need to choose the tenure and deposit amount to open an account.

    Mobile Banking

    The procedure to open an FD account via the mobile app is mentioned below:

    • Download the ‘Fed Mobile’ app for the Google Play Store or App Store.
    • Log in to the app by entering the PIN. The registration process must be completed before you can log in.
    • Next, select ‘Investments’.
    • Select ‘Bank Deposits’.
    • Choose ‘FD’ and click on ‘Proceed’.
    • Next, you will need to choose the tenure, deposit amount, and type of FD.
    • Next, you will need to choose the account from where the money must be deposited from. Nominations can also be added. Once the relevant details have been filled in, the FD account will be opened.

    Process to Open an FD Account – Offline

    You can open an FD account by visiting the nearest Federal Bank branch. Once the application form and the relevant documents have been submitted, the FD account will be opened.

    Benefits of Opening an FD Account Online

    The main benefits of opening an FD account online are mentioned below:

    • Simple Renewal and Closure Process: The process to close or renew the FD account is simple if it is opened online. You will not have to visit the bank to close or renew the account.
    • Payments are Simple: The process to deposit money into the account is simple in case it is opened online. You can transfer the deposit amount from the savings account.
    • Saves Time: Opening an FD account online is simple and takes less time as you do not have to visit the bank.

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